Learn about Incorporation
Incorporating your company limits the personal liability of the individuals involved. It is an important consideration if the organisation intends to employ any staff, take on significant property interests or undertake major contractual obligations.
An incorporated business is a legal entity in its own right. This means that it can enter into contracts, employ staff, lease property and have its own obligations and liabilities.
Incorporating can help increase the public’s confidence in your company as limited companies need a registered address in order to file their constitutions, annual accounts, as well as prescribed details of their directors.
It can also help your company gain recognition from financial institutions and investors as many of these require companies to be incorporated before providing a loan.
Incorporating a company can also be of financial interest as it allows you to develop a sense of ownership as it provides an established formal structure for some types of stakeholder involvement. And finally, if you want to raise equity investment, your organisation will have to incorporate.
DCS can advise you through the whole process and if you have any questions, our team are happy to assist, 800-426-2327 or firstname.lastname@example.org